1,894 Shares of Trane Technologies plc $TT Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in shares of Trane Technologies plc (NYSE:TT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,894 shares of the company’s stock, valued at approximately $801,000.

A number of other large investors have also bought and sold shares of the stock. Wilkerson Advisory Group LLC lifted its position in Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Trane Technologies in the first quarter worth $33,000. James T. Borello RIA raised its holdings in Trane Technologies by 41.7% during the 3rd quarter. James T. Borello RIA now owns 102 shares of the company’s stock valued at $46,000 after buying an additional 30 shares during the last quarter. Finally, MADDEN SECURITIES Corp purchased a new stake in Trane Technologies during the 3rd quarter valued at $46,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David Regnery sold 48,091 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares in the company, valued at $46,536,480. This trade represents a 33.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TT shares. Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Sanford C. Bernstein lifted their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Trane Technologies in a research report on Friday, October 9th. They set an “overweight” rating and a $550.00 price target on the stock. Robert W. Baird increased their price target on shares of Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Oppenheimer restated an “outperform” rating and issued a $500.00 price objective on shares of Trane Technologies in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Trane Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $535.89.

Trane Technologies Price Performance

Shares of TT stock opened at $420.62 on Wednesday. The stock has a market cap of $92.07 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.97 and a beta of 1.19. The business’s fifty day moving average is $444.65 and its 200 day moving average is $454.74. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.12. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.50 billion. Trane Technologies had a return on equity of 37.26% and a net margin of 13.56%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.88 earnings per share. Research analysts expect that Trane Technologies plc will post 15.29 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. Trane Technologies’s dividend payout ratio is currently 29.66%.

Trane Technologies Profile

Trane Technologies plc is a global climate innovator that designs, manufactures, and services heating, ventilation, air conditioning, and refrigeration systems. Its products and services support commercial buildings, homes, and transportation applications, including temperature-controlled shipping. The company’s portfolio includes the Trane brand of HVAC systems and building services, as well as Thermo King equipment for transport refrigeration and climate control. It also offers building controls, energy-efficiency solutions, system maintenance, and related services.